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The Little-Known Secret to Financial Success

stefanie-oconnell
Stefanie used her tough moments working as an actor to share her experience with others. Today, she's a successful entrepreneur, author, and speaker inspiring women to take charge of their finances. Her work has been featured in the Wall Street Journal, NY Times and many more publications.

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Resources Mentioned

3 Key Takeaways

  1. Success is a numbers game, so don't be afraid of failure.
  2. Tracking your money daily is one of the most important steps to improving your finances.
  3. Be intentional when you invest in yourself.

Podcast Interview Notes:

1. How did you transition from acting to entrepreneurship?

Like many actors, I was struggling financially as a result of pursuing my passion professionally. Eventually, I decided to share my financial struggles online, hoping this would help others. As I shared my experiences I stumbled upon the world of entrepreneurship and discovered opportunities I never knew existed.

2. What tips would you give to someone who's looking to start freelancing?

One of the best lessons I learned from being an actor is that it’s a number game. When you want to do something new, whether it’s freelance writing or speaking or anything, you just have to ask enough people because eventually, somebody’s going to say yes.

When I started speaking professionally I’d pulled up a list of a hundred faculty members at different universities around the country and I emailed all of them. The result? I heard back from two and I spoke at one place.

3. What advice would you give a Millennial who's looking to improve their finances?

You can’t make a plan for what to do with your money and to get to where you want to go with your money unless you know where you’re starting from. My simple tip would be to start tracking your money.

Write down where you’re spending your money, and where it’s coming from. If you do it on a daily basis, I’m confident this will help you improve your finances eventually.

4.  What's a worthwhile investment that you've made in your life? (i.e. coaching,  and retirement.

Investing in myself and my business. I now know that being intentional about my growth is already worthwhile. Investing in yourself doesn’t always have to be expensive.

I once paid $20 to build a Logo for my website. I didn’t see the ROI immediately, but eventually, I landed my first few clients because of it.

5. Are there any book(s) you’d give as a gift to others and why?

I haven’t been reading lately and I know this isn’t good. But, I’ve been started and stopped some of the classics like The 4-Hour Workweek and Profit First.

But, I still consume new information every day from other Podcasts.

Money Round

How would you spend $1000?

I’d take a trip or save this amount for my upcoming wedding. But, that might not be the best idea for everybody. 

What advice would you give to those who are currently struggling financially?

Most people would be surprised at how much power they could have their money. The problem is that most don’t know where they currently stand. This brings back to the idea of knowing where your money is going

What does money mean to you?

Freedom. 

When I started writing about money, it was the thing that was trapping me. I didn’t have enough of it and was out of control.

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About the Author Chris

Chris writes personal finance and productivity articles for software companies. He gets fresh ideas through continuously investing in himself and interviewing successful entrepreneurs.

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